The Mosaic Company (MOS)
Financial leverage ratio
| Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total assets | US$ in thousands | 23,032,800 | 22,654,400 | 23,140,200 | 22,857,500 | 23,386,000 | 23,437,600 | 23,985,600 | 23,423,100 | 22,036,400 | 21,081,500 | 21,473,500 | 19,902,100 | 19,789,800 | 18,851,600 | 19,020,600 | 18,975,500 | 19,298,500 | 20,440,100 | 20,643,900 | 20,445,300 |
| Total stockholders’ equity | US$ in thousands | 12,290,200 | 12,050,300 | 12,405,000 | 11,893,800 | 12,054,600 | 11,580,600 | 11,751,300 | 11,638,400 | 10,604,100 | 10,420,400 | 10,338,000 | 9,624,200 | 9,581,400 | 8,532,800 | 8,493,000 | 8,386,200 | 9,185,500 | 10,100,400 | 10,473,000 | 10,601,200 |
| Financial leverage ratio | 1.87 | 1.88 | 1.87 | 1.92 | 1.94 | 2.02 | 2.04 | 2.01 | 2.08 | 2.02 | 2.08 | 2.07 | 2.07 | 2.21 | 2.24 | 2.26 | 2.10 | 2.02 | 1.97 | 1.93 |
December 31, 2023 calculation
Financial leverage ratio = Total assets ÷ Total stockholders’ equity
= $23,032,800K ÷ $12,290,200K
= 1.87
The financial leverage ratio of Mosaic Company has exhibited some fluctuations over the past eight quarters. The ratio has ranged from 1.87 to 2.04 during this period. It peaked at 2.04 in Q3 2022 before gradually decreasing to 1.87 in Q4 2023.
A financial leverage ratio above 1 indicates that the company relies more on debt financing than equity. Therefore, these fluctuations may suggest changes in Mosaic Company's capital structure or borrowing decisions over time.
It is important for stakeholders to closely monitor this ratio to assess the company's ability to meet its debt obligations and manage financial risk effectively. Additionally, understanding the reasons behind these fluctuations can provide valuable insights into Mosaic Company's financial health and strategic direction.
Peer comparison
Dec 31, 2023